Bank of Communications International released a research report sayingwsoponline, raised the target price of NIO-SW (09866) to 59wsoponline.88 Hong Kong dollars, upgraded to "Buy". The monthly sales volume of NIO + Ledao next year is expected to maintain a steady level of 25,000 - 30,000 units, which is conducive to valuation repair.
According to the report, NIO released its sub-brand Le Tao last night, the first L60 positioning home smart electric SUV, which will be delivered in September. The pre-sale price was 219,900 yuan (the same below). The bank believed that the pre-sale price was lower than expected and estimated that the cost of the L60 BOM was around 140,000 yuan. Generally, the final listing price will be 5000 to 10,000 yuan lower than the pre-sale price. At the same time, the official price has not yet been announced for the BaaS solution, and the final BaaS solution will have a greater impact on sales.
The bank believes that the Lexus L60 has a unique replenishment experience, including slow charging, fast charging, and power replacement. The replenishment experience is the biggest differentiation highlight of the Lexus L60 within 200,000 yuan. It is predicted that steady monthly sales will be between 900 and 10,000 units, which will become a key driver for NIO sales to enter the second growth curve.
